Federated Investors, Inc. reported unaudited consolidated earnings results for fourth quarter and year ended December 31, 2012. For the quarter, the company's total revenue was $244,824,000 against $216,406,000 a year ago. Operating income was $83,192,000 against $61,861,000 a year ago. Income before income tax was $80,917,000 against $60,436,000 a year ago. Net income was $49,581,000 or $0.44 per basic and diluted share against $36,943,000 or $0.36 per basic and diluted share a year ago. Revenue was increased by $28.4 million or 13% due primarily to a decrease in voluntary fee waivers related to certain money market funds in order for these funds to maintain positive or zero net yields. The reduction in fee waivers was primarily the result of improved yields available on securities held by money market funds. In addition, revenue increased due to an increase in average fixed-income and equity assets.

For the year, the company's total revenue was $945,706,000 against $895,114,000 a year ago. Operating income was $312,593,000 against $257,455,000 a year ago. Income before income tax was $308,511,000 against $246,371,000 a year ago. Net income was $188,088,000 or $1.79 per basic and diluted share against $150,906,000 or $1.45 per basic and diluted share a year ago.

The board declared a quarterly dividend of $0.24 per share. The dividend is payable on February 15, 2013 to shareholders of record as of February 8, 2013.